Total Kenya's Profit Soars 30% to KSh 3.3 Billion
Total Kenya's net profit for the year 2020 rose by 30% to KSh3.3 billion from KSh2.5 billion in 2019, despite a turbulent year. The company's revenue from the sale of [...]
Parliamentary Committee Mulls Reviews on Fuel Taxes as Kenyans Lament High Fuel Prices
The National Assembly's Energy Committee is considering a review on fuel taxes, following the sharp rise in pump prices in the March Energy and Petroleum Regulatory Authority (EPRA) reviews. Media [...]
Kenya Eyes Power Trade Business with New Grid Network
Kenya sets eyes on the power trade business with recent efforts to improve its grid network to connect with its neighbours. One of the two major grid networks, The Olkaria [...]Uganda's Umeme Limited Warns of up to 60% Net Profit Decline for FY 2020
Umeme Limited has issued a profit warning to shareholders, cautioning that it expects a net profit decline of up to 60% for the year ending 31 December 2020, compared to [...]AECF Launches $1.2m Innovation Fund to Support Kenyan Renewable Energy Businesses
The African Enterprise Challenge Fund (AECF) has launched a $1.2 million innovation fund to support entrepreneurs in the local renewable energy space to start and diversify their business. The fund [...]GDC Receives $5 Million Grant from AU for Geothermal Exploration
Kenya's state-owned Geothermal Development Corporation (GDC) has secured a $5 million grant from the African Union (AU) for geothermal exploration of the Paka Geothermal Project in Baringo. The move comes [...]Electricity Cost Rises by KSh1.20 Per Unit
Kenya Power has announced that electricity cost in March has risen by KSh1.20 per unit, including taxes, on the backdrop of increased compensation to expensive diesel plants. This pushes the [...]Petrol Prices Hit Ksh 122.8 Following a Leap in March Pump Prices
Super Petrol prices rose by Ksh 7.63 to retail at Ksh 122.81 per litre following the latest Energy and Petroleum Regulatory Authority (EPRA) review. The hike in pump prices also [...]French Group, EDF Acquires Stakes in 2 Kenyan Energy Companies
French energy group, EDF has announced the buying stakes in two Kenyan companies; a 50% stake in solar energy firm Econet Energy Kenya and a23% stake in off-grid energy company [...]Nuru Mugambi Recognized Among Top 25 Global Influencers in Green Finance
Director of Public Affairs and Sustainable Finance Lead at the Kenya Bankers Association (KBA) Nuru Mugambi was recognized among the top 25 influencers in green finance by Mandalore Partners. At [...]KenGen Secures Kes 709 Million Geothermal Contract In Djibouti
Kenya Electricity Generating Company (KenGen) Plc signed a Kes 709 million contract to drill three geothermal wells in Djibouti. On Thursday, the company signed a Kes709,822, 630 contract with the [...]
Shell Amazon Ink Supply Deal for Renewable Energy by 2025
A unit of oil major Royal Dutch Shell has inked a deal to supply Amazon with renewable energy, enabling the latter to power its business completely using clean energyby 2025, [...]
